ZIP 32408 Insurance Data

Data Snapshot: ZIP 32408 (Panama City, FL)

ZIP 32408 (Panama City, FL) shows an average homeowners insurance premium of $6,290 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 561 reported policies. That is 254% above the national average of $1,776 per year, placing this ZIP in the 99th percentile nationally. Compared to the Florida state average of $4,870, this ZIP runs 29% above, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 32408 is 114.8%, meaning insurers paid out more in claims than they collected — a signal that premiums may rise or carriers may exit. Claim frequency — the share of policies with at least one claim — is 5.93%, and the average claim severity (amount paid per claim) is $121,804.

Across 5 years (2018–2022), premiums in ZIP 32408 have fallen by 26.3%, ranging from $6,290 to $8,901 with a five-year average of $7,802 — an annualized rate of -7.3% per year. FIO data aggregates voluntary reporting from the 40 largest homeowners insurers, covering roughly 80% of the U.S. market, so figures represent market averages rather than individual policy quotes; your own premium will vary with dwelling value, deductible, coverage limits, construction type, and insurer-specific underwriting. This page is educational research only and is not insurance advice — homeowners should request quotes from multiple licensed carriers or an independent agent before purchasing or renewing coverage.